No. of Recommendations: 2
Renee,

You need to get rid of the cc debt, then the car debt, then snowball the student loans. I agree that bk is not a good idea. I also agree that a savings plan is essential for emergencies and contributing the $140 a month towards your 401K is a good idea. It seems that your only options are to reduce spending and increase your income. The only way that I can see to do that is to cut out the minimal stuff you do now (mostly the lunches out and books), and working a second/third job. Consider teaching an evening class to make extra $. Consider getting a roommate. Good luck.

L
Print the post  

Announcements

UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement